District Metals outlines eight anomalies at Tasjo

Executive Summary

• District Metals Corp. released positive results from an airborne mobile magnetotelluric (MobileMT) survey conducted over its 100%-owned Tasjo mineral licences in Sweden.
• The survey identified eight low-resistivity (highly conductive) anomalies consistent with the signature observed at the company's Viken deposit, representing a major step in delineating drill-ready targets.
• Based on these results, the company has filed applications for new mineral licences adjacent to the Tasjo licences to cover possible extensions of the identified anomalies.

Key Details

• Survey Scope: The high-resolution MobileMT survey covered approximately 34,300 hectares across Tasjo mineral licences No. 101 to No. 108.
• Survey Methodology: The survey generated 1,391 line kilometres of data at 400-metre line spacing.
• Anomalies Identified: Eight low-resistivity (highly conductive) anomalies were outlined. These are consistent with the MobileMT signature observed at the Viken deposit.
• Geological Context: The anomalies are consistent with Alum shale, which is typically flat-lying, rich in graphite and sulphides, and enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements (REEs).
• Target Selection: High-priority target areas were selected based on the shallow depth and thickness of the interpreted Alum shale.
• License Applications: The company filed applications for new mineral licences adjacent to the Tasjo licences to cover possible extensions of the MobileMT anomalies.
• Property Portfolio: The Tasjo licences, along with Osterkalen and Malgomaj licences, form the Alum shale properties, collectively covering approximately 79,250 hectares. All three were surveyed in summer 2025.
• Location: Tasjo mineral licences are located in Jamtland and Vasterbotten counties in north-central Sweden, approximately 133 to 170 kilometres northeast of the company's Viken property.
• Regulatory Update: The Swedish government approved the lifting of the ban on uranium exploration and mining on Nov. 5, 2025, with associated legislation expected to be revised on Jan. 1, 2026.
• Viken Deposit Context: The Viken deposit hosts the largest undeveloped mineral resource estimate of uranium in the world, along with significant resources of vanadium, potash, molybdenum, nickel, copper, zinc, and other critical raw materials.

Notable Quotes

• "The airborne MobileMT survey over our Tasjo Alum shale mineral licences has delivered more exceptional results, identifying eight low-resistivity (high-conductivity) anomalies that are consistent with those identified recently on the Viken property. This correlation reinforces our geological model and highlights the potential extensive scale of mineralized Alum shale across District's Tasjo mineral licences. These findings represent a significant step toward defining high-impact drill targets and advancing the company's strategy to uncover important and critical raw materials in an underexplored yet highly prospective region." — Garrett Ainsworth, Chief Executive Officer